Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Check my wor CP13-3 Vertical Analysis of a Balance Sheet [LO 13-3, LO 13-5] Interactive Arts is a video game company that competes with Extravision

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Check my wor CP13-3 Vertical Analysis of a Balance Sheet [LO 13-3, LO 13-5] Interactive Arts is a video game company that competes with Extravision Blizzard. A condensed balance sheet for Interactive Arts and a partially completed vertical analysis are presented below. Required: 1. Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Accounts Receivable was 4 percent, computed as ($250 + $5,906). 2-a. What percentages of Interactive Arts assets relate to intangibles versus property and equipment? 2-b. Which of these two asset groups is more significant to interactive Arts business? W 13 Sored Help Save & Exk Subm Check my work 3 Reg 1 Req 2A Req 28 66 Complete the vertical analysis by computing each line item as a percentage of total assets. TIP: Accounts Receivable was 4 percent, computed as ($250 + $5,906). (Round your answers to the nearest whole percent.) nts Book Print ferences 2% Cash and Short-Term Investments 5 2.279 Accounts Receivable, Net 250 Inventory 46 Other Current Assets 483 Intangibles Property and Equipment, Net 725 Other Assets 193 Total Assets $ 5,906 INTERACTIVE ARTS Balance Sheet summarized March 31, 2016 (in millions of US dollara 39 % Accounts Payable 4 Deferred Revenue 1 Notes Payable (long-term) Total Liabilities Common Stock Retained Earnings 3 Total Stockholders Equity 100 % Total Liabilities & Stockholders' Equity 34 48 1.930 $ 123 728 1,979 2830 3.028 48 3,076 $ 5,906 1 52 100% Reg 2 > N 13 Help Save & Exit Check 3 2". WHILIT UIUIS VU Oeyi uus is HOLE SIyili OIL LUHHEILUVE HISUUS: Complete this question by entering your answers in the tabs below. 56 Reg 1 Req 2A Reg 28 eBook Print What percentages of Interactive Arts assets relate to Intangibles versus property and equipment? (Round your answers to the nearest whole percent.) ferences Percentage Intangibles Property and Equipment X 3 Check my work 2-0. What percentages of Interactive Arts assets relate to intangibles versus property and equipment? 2-b. Which of these two asset groups is more significant to Interactive Arts business? Complete this question by entering your answers in the tabs below. OR Reg 1 Rg2A Reg 28 nces which of these two asset groups is more significant to interactive Arts business? Intangibles Property and Equipment Reg 2 Roy 20 >

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Wall Street Mba

Authors: Reuben Advani

2nd Edition

007178831X, 9780071788311

More Books

Students also viewed these Accounting questions

Question

3. Describe three important principles of economics.

Answered: 1 week ago

Question

What is the use of bootstrap program?

Answered: 1 week ago

Question

What is a process and process table?

Answered: 1 week ago

Question

What is Industrial Economics and Theory of Firm?

Answered: 1 week ago

Question

a. Did you express your anger verbally? Physically?

Answered: 1 week ago